How Much Did Epigamia Raise? Funding & Key Investors

What Is Epigamia?

Epigamia, founded in 2015, is a Mumbai-based company specializing in premium all-natural Greek yogurt and other dairy and plant-based products. The brand was established by Ganesh Krishnamoorthy, Milap Shah, Rahul Jain, Rohan Mirchandani, and Uday Thakker.

With a team of 101-250 employees, Epigamia offers a diverse range of products including Greek yogurt, fruit yogurt, no added sugar yogurt, smoothies, artisanal curd, and Mishti Doi. Their focus is on providing nutritious and delicious food options that cater to various dietary needs.

Epigamia has gained recognition for its innovative product launches and commitment to promoting a healthy lifestyle. The company continues to expand its product line, ensuring that consumers have access to high-quality, nutritious options.

How Much Funding Has Epigamia Raised?

1. Angel Round
   • Amount Raised: $1.2M
   • Date: March 2014
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Initial funding to launch the brand and develop the first product line.
2. Angel Round
   • Amount Raised: $1.2M
   • Date: November 2014
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand product offerings and increase market presence.
3. Angel Round
   • Amount Raised: $627.4K
   • Date: August 2015
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support initial market entry and distribution efforts.
4. Angel Round
   • Amount Raised: $1.2M
   • Date: November 2015
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale production and enhance marketing strategies.
5. Series A
   • Amount Raised: $6.6M
   • Date: July 2016
   • Lead Investors: DSG Consumer Partners, Verlinvest
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand product lines and increase distribution channels.
6. Series B
   • Amount Raised: ₹900M
   • Date: July 2017
   • Lead Investors: Verlinvest
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enter new markets.
7. Series C
   • Amount Raised: ₹1.8B
   • Date: January 2019
   • Lead Investors: Verlinvest
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and enhance product innovation.
8. Series C
   • Amount Raised: Not publicly disclosed
   • Date: May 2019
   • Lead Investors: KA Enterprises
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing expansion and operational needs.
9. Series C
   • Amount Raised: ₹400M
   • Date: June 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To sustain growth and navigate market challenges.
10. Debt Financing
    • Amount Raised: ₹350M
    • Date: September 2022
    • Lead Investors: Anicut Capital
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To support operational costs and expand market reach.

Total Amount Raised: $12.2M + ₹3.45B
Current Valuation: Not publicly disclosed

Key Investors

• Verlinvest
  • Details: Verlinvest is a private equity firm based in Belgium, known for its long-term investment approach. They focus on consumer brands and have a strong presence in the food and beverage sector.
  • Investment Focus Areas: Consumer brands, food and beverage, health and wellness.
  • Notable Investments: Oatly, Vita Coco, Hint Water.
• DSG Consumer Partners
  • Details: DSG Consumer Partners is an early-stage venture capital firm that invests in consumer businesses in India and Southeast Asia. They aim to support companies that offer innovative products and services.
  • Investment Focus Areas: Consumer products, food and beverage, retail.
  • Notable Investments: Raw Pressery, Veeba, Chai Point.
• KA Enterprises
  • Details: KA Enterprises is the investment arm of Bollywood actress Katrina Kaif. The firm focuses on backing innovative and high-growth potential startups.
  • Investment Focus Areas: Consumer brands, technology, lifestyle.
  • Notable Investments: Nykaa, Furlenco, Zilingo.
• Anicut Capital
  • Details: Anicut Capital is an Indian investment firm that provides debt and equity funding to high-growth companies. They focus on supporting businesses with strong potential for scalability.
  • Investment Focus Areas: Debt funding, consumer brands, technology.
  • Notable Investments: Wow! Momo, Lendingkart, Bira 91.
• Mousse Partners
  • Details: Mousse Partners is a New York-based family office that manages the wealth of the Wertheimer family, owners of Chanel. They invest in a diverse range of sectors globally.
  • Investment Focus Areas: Luxury brands, consumer products, technology.
  • Notable Investments: Glossier, Warby Parker, Allbirds.

What's Next for Epigamia?

Epigamia is poised to leverage its recent Rs 35 crore debt funding to expand its operations and product lines. The growing consumer demand for healthy and convenient food options presents a significant opportunity for the brand to increase its market penetration through both online and offline channels.

Future fundraising efforts may be on the horizon as Epigamia continues to seek financial growth. The expansion of the ESOP pool indicates a strategy to attract and retain top talent, which is crucial for scaling operations. However, the company faces challenges such as financial losses and intense competition in the yogurt and dairy market.

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